U.S. stocks mostly eased on Thursday after President Donald Trump canceled a planned summit with North Korea's Kim Jong Un and ordered a probe of auto imports, while gains in Netflix pushed its market value to a record. The auto probe, ordered on Wednesday, added to worries of another potential trade conflict when tensions with China simmered.

Harvey Weinstein is expected to surrender to authorities on Friday on sexual-misconduct charges, according to reports Thursday afternoon. The disgraced movie mogul has been the subject of criminal probes ...

The big selloff in General Electric Co.’s stock was a rational response to disappointing comments made by Chief Executive John Flannery, and to an “irrational” share rally that preceded it, according to J.P. Morgan analyst Stephen Tusa. The stock (GE) bounced back 2.7% in active afternoon trade Thursday, enough to pace the gainers among Dow Jones Industrial Average (^DJI) components, after plummeting 7.3% the previous session to suffer the biggest selloff in nine years. Wednesday’s tumble came after Flannery’s comments at an industry conference were interpreted to mean the company’s turnaround could take longer than expected and the current dividend was not necessarily safe.

Shares of Hormel Foods Corp. and Sanderson Farms Inc. fell more than 4% Thursday after their quarterly earnings came in short of expectations with both highlighting the inflationary pressures that have weighed on many food companies this season. Sanderson Farms’ stock(SAFM)was down 4.8% and is down about 27% on the year.

U.S. stocks came off their worst levels of the session in Thursday afternoon trade as gains in industrials and consumer-discretionary shares helped trim an earlier slump, which came after President Donald Trump called off a June summit with North Korean leader Kim Jong Un, citing “open hostility” from the isolated nation. The technology-centric Nasdaq Composite Index (^IXIC) was trading flat at 7,426, bouncing in and out of positive territory. Geopolitical worries hovered over markets after Trump called off the meeting that was set to take place June 12 in Singapore.

U.S. stocks dropped on Thursday, but were well off the session lows hit after President Donald Trump canceled a summit with North Korea's Kim Jong Un and threatened to impose tariffs on auto imports. Trump ...

U.S. President Donald Trump's move to cancel a planned June meeting with North Korean leader Kim Jong Un sent global share markets sharply lower on Thursday before they regained some footing, while auto stocks continued to decline on tariff fears. Trump, in a letter to North Korea released by the White House, called off the June 12 summit, citing "tremendous anger and open hostility" in a recent statement by the East Asian country. The cancellation came even after North Korea followed through on a pledge to blow up tunnels at its nuclear test site.

The Dow Jones Industrial Average is slumping this morning after President Donald Trump said that the summit with North Korea is off. The packaged-food company earned 44 cents a share on revenue of $2.33 billion.

This column provides a daily update on key presidential actions as well as comments, whether spoken aloud or on Twitter, by President Trump. President Donald Trump called off a planned summit with North Korea’s Kim Jong Un on Thursday, and also warned Kim about America’s “massive” nuclear capabilities, saying he prayed they won’t have to be used. In a letter to Kim released by the White House, Trump said he was nixing the planned June 12 Singapore summit “based on the tremendous anger and open hostility displayed in your most recent statement.” The Dow Jones Industrial Average’s (^DJI) opening loss steepened after Trump’s letter was released.

By Laila Kearney NEW YORK (Reuters) - President Donald Trump's move to cancel a planned June meeting with North Korean leader Kim Jong Un sent global shares lower on Thursday, while auto stocks continued ...

Investing.com – Wall Street slumped on Thursday after U.S. President Donald Trump called off a planned summit meeting with North Korea.The S&P 500 was down 15 points or 0.57% to 2,717.78 as of 9:49 AM ET (13:49 GMT) while the Dow composite decreased over 108 points or 0.44% to 24,778.03 and tech heavy NASDAQ Composite fell 37 points or 0.50% to 7,388.92.The White House said in a statement that it would be "inappropriate" to have a planned summit at this time. ...